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That’s capitalism and it’s obsession with ever-increasing profits for you. Often times a video game company sees the most layoffs the year after a major release. Cutting expenditure such as employee salaries simulates profit.
Erm, not in this case though. UBS was forced by the swiss government to buy Credit Suisse. Guess which company the 3000 people getting laid off worked for before the forced purchase?
While this is receiving a lot of attention, it’s not exactly news. This better belongs in chat or something a bit more offtopic.
